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    The Largest CRE Database in the US with Over 1 Million Listings

    Cor Of Appleton Ave & Good Hope Rd Menomonee Falls, WI 53051

    Sponsored
    For Lease
    $28 SF/Yr

    Prime Menomonee Falls retail space available.

    Lot size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    418
    This exceptional retail property, located on the highly visible corner of Appleton Avenue and Good Hope Road in Menomonee Falls, Wisconsin, offers a unique opportunity for businesses seeking a prominent location. The building boasts a total of 16,000 square feet, with 10,306 square feet currently vacant and available for lease. Flexible space options are available, ranging from a minimum of 3,462 square feet to a maximum contiguous space of 6,844 square feet, making it suitable for a variety of retail concepts or restaurant uses. The property is zoned PID and is situated in Waukesha County, offering easy access to a thriving community and strong consumer base. Ample parking is provided with 110 spaces available for customers and employees. This prime location provides excellent visibility and accessibility, ensuring high foot traffic and convenient access for patrons. The property's versatile layout and substantial square footage present a compelling opportunity for businesses seeking to establish or expand their presence in a desirable market. This is a multi-tenant building, offering a vibrant and collaborative environment. Contact us today to learn more about leasing opportunities and to schedule a viewing. Zip code is 53051.

    Property Features for 0 Cor Of Appleton Ave & Good Hope Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,000 SF
    Total Rate
    37333.33

    Unit(s) available at that property

    Space
    Available Space
    Size
    6,844 SF
    Rate per SF
    $28

    We can help!

    Listing Contact
    Isaac Berg
    Isaac Berg

    Learn more

    HighLights

    • 16,000 SF retail building with 10,306 SF available for lease in Menomonee Falls, WI (53051).
    • Flexible lease options from 3,462 SF to 6,844 SF contiguous.
    • High‑visibility corner location on Appleton Ave and Good Hope Rd, with 26,500 vehicles per day.
    • Ample parking (110 spaces).
    • Multi‑tenant building with patio/drive‑thru potential, near Third Space Brewing and a new 173‑unit apartment development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Menomonee Falls
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.0739835
    Latitude
    43.1483557

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    FAQs

    What type of property is this?
    Retail property - Prime Menomonee Falls retail space available.
    Where is this retail property located?
    The property is located at Cor Of Appleton Ave & Good Hope Rd Menomonee Falls, WI.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 16,000 SF retail building with 10,306 SF available for lease in Menomonee Falls, WI (53051).; Flexible lease options from 3,462 SF to 6,844 SF contiguous.; High-visibility corner location on Appleton Ave and Good Hope Rd, with 26,500 vehicles per day.
    (414) 278-6862
    Request Owner's contact information
    Cor Of Appleton Ave & Good Hope Rd Menomonee Falls, WI 53051
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    Menomonee Falls, WI 53051
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Cor Of Appleton Ave & Good Hope Rd Menomonee Falls, WI 53051
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    We can help!
    Listing Contact
    Isaac Berg
    Isaac Berg
    Real Estate License ID: 8975294
    (414) 278-6862
    Learn more
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